Digg's Miserable Business — BusinessWeek got ahold of social news site Digg's financials. — For a site that gets as much traffic as Digg.com does — 22.6 million monthly uniques, according to Quantcast — the numbers are gruesome: — Last year the company lost $2.8 million on $4.8 million of revenue

The Huffington Post Slammed for Content Theft — The Huffington Post, a venture-capital-backed new media site that mixes links to other sites content with hundreds of celebrity and volunteer blogger posts, is being accused of slimy business practices by a handful of smaller publications …

Warner Music pulls out of YouTube licensing deal — Warner Music, one of the first media companies to strike a licensing deal with YouTube, has demanded that the Google-owned site pull down all videos from its artists and songwriters, in a move affecting millions of pieces of professional and user-generated content.

Future iPhones to wield OpenCL acceleration — Imagination Technologies has posted a series of job openings for OpenCL engineers, indicating that the open, general purpose GPU parallelism technology Apple spearheaded for use in Mac OS X Snow Leopard is destined to also play a significant role …

On the Net: Hulu is Web site of the year — In the Wild West that is online video, Hulu.com has proven to be a trailblazing answer to how professional content can thrive on the Web. — It's this year's pick for Web site of the year. — “This is period of great experimentation in regard to media …

What Xbox Wants to Be When It Grows Up — (Credit: David Paul Morris/Getty Images) — After more than four years running Microsoft's game studio, Shane Kim was given a new assignment this fall, running strategy and business development for the unit that makes the Xbox game console.

SEC Mandates Interactive Filing; Will Start Phasing In Next Year — The news is filled with stories of how much the Securities and Exchange commission has missed but, hey, maybe some of the atrocious examples of financial skulduggery could have been caught sooner if the commission had moved faster towards interactive filing.

No ISP Filtering Under New RIAA Copyright Strategy — The Recording Industry Association of America on Friday announced a new strategy in its quest to curtail online copyright infringement — a plan that for now requires no filtering from internet service providers.

Why Do Undersea Cables Seem To Get Severed In Bunches? — There's just something about undersea internet cables that seem to have them get severed in groups. You may recall the various conspiracy theories that cropped up, at the beginning of the year, after four such cables were broken …